Colosseum Accelerates Solana Ecosystem Growth With Hackathon Management
The Solana Foundation is intensifying efforts to attract developers and startups to its ecosystem by entrusting the management of hackathons and an accelerator program to the online platform Colosseum.
The organization plans to host two to three annual online hackathons and the Colosseum Accelerator, a five-week program for hackathon winners to integrate quickly into the Solana ecosystem, offering a pre-seed $250,000 investment. Colosseum co-founder Matty Taylor emphasizes Solana’s progress in enhancing its technology stack’s developer-friendliness over the past two years. Teams in the accelerator program will receive ongoing developer support, mentorship, and access to the Solana ecosystem’s customer base.
Colosseum’s non-dilutive prize pool for hackathon winners will total around $600,000, with winning teams receiving an additional $250,000 seed investment. Solana’s hackathons have drawn over 60,000 participants since 2020, leading to the launch of 4,000 products and over $600 million in venture funding. The Solana ecosystem aims to expand its developer base, recently noting an upward trend in developer retention toward the end of 2023.
Clever Robot News Desk 30th January 2024
